House Ways and Means Committee Passes Tax Package Lowering Florida-Only Business Rent Tax
By: Carolyn Johnson
On February 14, the House Ways and Means Committee passed the House tax package, which includes a reduction in the Florida-only Business Rent Tax. This targeted tax reform will provide a more equitable and competitive tax system for Florida.
WMC 18-03, better known as the Florida House tax package, would reduce the Florida-only business rent tax from 5.8 percent to 5.5 percent and create sales tax holidays for hurricane preparedness and back-to-school. Reducing the business rent tax will allow businesses, particularly small businesses, to hire more employees, raise wages and invest back into their businesses.
Two Ways to Get Involved
- Sign the Petition – The Florida-only business rent tax disproportionately harms small business and makes Florida less competitive. Sign the petition to call on Florida lawmakers to cut the business rent tax.
- Watch Video – Citrus County business leaders spoke with the Business Rent Tax Coalition on why it is important to cut the Florida-only business rent tax. Watch the full video below.